A tepid jobs report for the month of May along with European fears, including news/rumours of Spanish banking withdrawals left the S&P 500 Index at 1278, down more than 3% for the week.
More Ominously, the U.S. Ten Year Treasury Note closed at a record low of 1.47%. Even more astounding yet, the The German Two Year Bund Yields fell to Zero.
Next Week’s Potential Market Moving Events:
Wednesday:
Federal Reserve Biege Book Report
European Central Bank (ECB) Meeting
Thursday:
Ben Benranke testifies before the Joint Economic Comiittee
Spanish Bound Auction
WEEKLY SECTOR ETF PEFROMANCE
| ETF Sector Perfrmance | ||||||||||
| Week Ended June 1, 2012 | ||||||||||
| Q1 | Weekly | 2QDT | YTD | |||||||
| S&P 500 Index | 12.0% | -3.0% | -9.3% | 1.6% | ||||||
| XLF | Financials | 21.9% | -3.8% | -14.6% | 4.1% | |||||
| XLU | Utilities | -2.6% | -0.2% | 1.9% | -0.8% | |||||
| XLB | Materials | 10.8% | -2.6% | -10.5% | -8.0% | |||||
| XLP | Consumer Staples | 5.4% | -2.2% | -2.7% | 2.6% | |||||
| XLY | Consumer Discretionary | 15.9% | -3.6% | -7.4% | 7.3% | |||||
| XLV | Health Care | 9.0% | -2.5% | -5.6% | 2.9% | |||||
| XLI | Industrial | 11.4% | 3.5% | 9.9% | 0.4% | |||||
| IYW | Technology | 21.9% | -3.6% | -13.8% | 5.1% | |||||
| IYZ | Telecom | 6.2% | -1.7% | -6.6% | -0.8% | |||||
| AGG | Aggregate Bond | 0.1% | 0.8% | 2.2% | 2.4% | |||||
| TIP | TIPs Bond | 0.8% | 1.2% | 4.2% | 5.1% | |||||
| LQD | Inv. Grade Corp Bond | 2.3% | 1.6% | 2.5% | 4.9% | |||||
| GLD | Gold | 12.0% | -3.0% | -9.3% | 1.6% | |||||
Click here to request a proposal from Barnhart Investment Advisory
DISCLAIMER: Nothing in this article should be construed as a personal recommendation or investment advice. Nor should anything in this article be construed as an offer, or a solicitation of an offer, to sell or buy any particular investment security. Investors should conduct their own due diligence and seek the advice of a financial and/or investment professional before making any investment decisions.
No comments yet.